Anton van Nunen — a pioneer of fiduciary management in the Netherlands — was named director of strategic pension management at Syntrus Achmea, spokesman Erik van der Struijs said.
Mr. van Nunen replaced Rob Heerkens, who left the company last year. Mr. van Nunen, who now reports to CEO Hans Snijders, closed his Dutch investment consultancy Van Nunen & Partners as a result of his new job, though he will continue to advise several overseas clients in the U.K. and Italy.
His main responsibilities at Syntrus Achmea is advising pension fund clients, including on investment strategy, within the fiduciary management business. He first established his consultancy firm, specializing in fiduciary management, in 1998. His book, “Fiduciary Management: Blueprint for Pension Fund Excellence,” became a bible for the Dutch fiduciary management industry.
According to data provided by independent consultancy Bureau Bosch, fiduciary management accounts for more than half of about €922 billion ($1.26 trillion) in externally managed pension assets in the Netherlands as of March 31, 2010.
Syntrus Achmea, which has about €57 billion in assets under management, is a subsidiary of the insurance group Eureko.